Fed Chairman Jerome Powell noted that there is no rush to cut rates in the near future, which supports the US dollar. In addition, the data consumer price index data also provoked purchases of currency of the United States. And in this regard, traders should pay attention to the growth of EUR/USD quotes, which indicates the weakening of the U.S. dollar against the single European currency. U.S. dollar against the single European currency. In such a situation, the emergence of triggers for the weakening of the U.S. dollar against the single European currency. triggers for the weakening of the U.S. dollar on the market may provoke the acceleration of the EUR/USD growth. EUR/USD growth. Additional economic indicators, such as the producer price index in the U.S. Additional economic indicators, such as the US Producer Price Index, are expected to provide a more complete picture on inflation. Markets will be closely watching the upcoming publications of the indicators on the state of the US economy.